2026-01-20 15:01:48

ELSA's TGE is today, make sure to follow up as promised.

A quick look at the project's fundamentals shows a current market cap of $28 million, with a fully diluted market cap of $122 million. The selling pressure from the first round of airdrops has basically been absorbed, and overall it remains relatively stable.

It is backed by a major compliant platform, and the involvement of such an institution often indicates a good chance of going public in the future. From this perspective, the current valuation is reasonable.

Honestly, I went out drinking with friends last night—just drinking, not thinking about trading cryptocurrencies. When I checked the project info after coming back, I bought some casually. Anyway, now I'm just waiting for the listing news and will see how it performs later.

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ImpermanentPhobia

· 5h ago

Haha, institutional endorsement definitely adds points, just not sure how high it can go. Valuation is okay, betting on the listing news. The digestion of selling pressure is a good sign, the key is whether it can break new highs later. Having a leading platform backing it is more reliable, at least it's not an entirely empty shell. I bought it casually last night while drinking, I can understand this move; sometimes that's just how it is. Let's wait and see how it performs, we'll talk after the listing. With an institutional investment background, this kind of project usually won't be too bad, but don't have too many high hopes. The current market cap isn't too high, so there's still a chance. Digesting selling pressure is crucial; as long as it stabilizes now, that's enough. But honestly, this level of institutional backing is definitely worth paying attention to.

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ChainMaskedRider

· 5h ago

Airdrop selling pressure has been mostly absorbed, and this timing is actually quite good. The institutional backing definitely adds points, and if the listing actually happens, there will be a story to tell.

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MEVHunter_9000

· 5h ago

Institutional endorsement is indeed interesting, but it still depends on the market reaction after listing.

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GreenCandleCollector

· 6h ago

The institutional background does provide some reassurance, but we still need to see how the IPO timeline is specifically scheduled.

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FromMinerToFarmer

· 6h ago

Oops, this ELSA just launched and got institutional backing, feels solid man Wait, the selling pressure is gone? Gotta buy the dip then Trading coins while drunk, this guy is too legendary Going all-in just because institutions are backing it, we should play it safer How long until listing, sitting and waiting for liftoff

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